Russia to Nationalize Renault Plant, Revive Soviet-Era Moskvitch Car After Handover
Russia has nationalized a major factory that belonged to Renault and intends to use it to revive the famous Soviet-era Moskvitch car in what the French automaker categorized as a “responsible choice” for its thousands of employees in Russia. The move appears to be the first major transfer of private assets into state hands after Russian officials…